Laine Gordon

New highest ongoing savings rate hits 4.80%

ING has today announced it will be increasing the interest rate on its Savings Maximiser to 4.80 per cent – the new highest ongoing savings rate in the market for all adults.

Select savers get a boost as CBA and Westpac announce RBA responses

Australia’s two biggest banks, CBA and Westpac, have today confirmed they will pass on the 0.25 percentage point hike to variable mortgages. However, CBA has upped the ante by announcing it will increase one of its savings rates by triple this.

NAB hikes mortgage rates by 0.25%. Stays ‘mum’ on savers

NAB has announced it will also pass on 0.25 percentage point RBA hike to its variable mortgage customers, taking its lowest variable rate to 5.24 per cent.

ANZ home loan rate hike puts end to rates starting with a '4'

ANZ is the first of the big four banks to announce it will pass on today’s 0.25 percentage point RBA hike in full to its variable mortgage rate, taking its lowest variable rate to 5.09 per cent.

RBA lifts rates by 0.25% with more hikes to come – how to beat rising rates

The Reserve Bank has today increased the cash rate by 0.25 percentage points to 3.35 per cent, with more hikes to come.

Australians brace for another 0.25% RBA hike on Tuesday – how high will the cash rate go?

The Reserve Bank is widely tipped to hike the cash rate again next week by 0.25 percentage points, taking it to 3.35 per cent – the highest rate in almost 10.5 years.

Show me the money: Westpac ups its cashback to tempt refinancers

Australia’s second largest lender, Westpac, has increased its cashback offer for refinancers, upping the incentive from $2,000 to $3,500 in a bid to attract new business.

Ninth RBA hike a near certainty on back of soaring inflation figures

Borrowers will almost certainly face another RBA cash rate hike next month with today’s annual inflation rate clocking in at 7.8 per cent for the December quarter.

Refinancing smashes the record books as borrowers take the fight to rising rates

The value of refinanced home loans has hit a new record high, as borrowers take action to combat rising interest rates. This figure smashes the previous record set in August 2022 by almost $1 billion. 

Almost 1 in 3 Aussies have fallen victim to a financial scam – don’t let that be you this Christmas

Almost a third of Australians have been hit by a financial scam, RateCity.com.au research shows.